Cybersecurity Startups Set For Surge
June 7, 2016
Chris Metinko and Richard Tekneci
Cybersecurity has become an integral part of the world we live in even if it’s behind the scenes. Now the topic is even showing up in movies like the Edward Snowden documentary CitizenFour and TV commercials. Ads highlighting product lines such as those of BAE Systems have appeared with the tagline: “It’s not just security. It’s defense.” The need for cybersecurity is immense for both large organizations and the general public.
Venture capital investment in cyberphysical security startups rose 78% to $228 million in 2015, and will rise to S400 million in 2016 as rapid adoption of the Internet of Things (IoT) raises the threat to products such as connected cars, smart homes and future factories, according to Lux Research.